Tranche Update on United Community Banks, Inc.'s Equity Buyback Plan announced on March 22, 2016.
July 20, 2021 at 04:52 pm EDT
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From April 1, 2021 to June 30, 2021, the company has repurchased 150,000 shares, representing 0.17% for $5.1 million. With this, the company has completed the repurchase of 2,741,472 shares, representing 3.56% for $65.56 million under the buyback announced on March 22, 2016.
United Community Banks, Inc. is a financial holding company for United Community Bank (the Bank). It provides a range of financial products and services to the commercial, retail, governmental, educational, energy, health care and real estate sectors. This includes a variety of deposit products, secured and unsecured loans, mortgage loans, payment and commerce solutions, equipment finance services, wealth management, trust services, private banking, investment advisory services, insurance services, and other related financial services. These products and services are delivered through a variety of channels including its branches, other offices, the Internet, and mobile applications. Its deposit products include checking accounts, savings accounts, money market accounts and other deposit accounts. Its investment portfolio includes residential and commercial mortgage-backed securities, asset-backed securities, United States agency and municipal obligations.